Economy Archives - Page 10 of 86

Credit ratings agency S&P on Friday upgraded Turkey’s ratings to “B+” from “B”, saying that … Continue ReadingS&P upgrades Turkey’s rating to ‘B+’ amid economic stabilization

Economy HIGHLIGHTS

Turkey’s April trade deficit expands, Trade Ministry reports

Cem Cetinguc7 May, 2024

Türkiye’s foreign trade deficit came in at $9.9 billion in April, pointing to a 13.3 percent increase … Continue ReadingTurkey’s April trade deficit expands, Trade Ministry reports

Atilla Yeşilada Business Economy HIGHLIGHTS

Video: Simsek announces new measures to rescue Turkish economy. Will they be enough?

Atilla Yeşilada7 May, 20248 May, 2024

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Economy HIGHLIGHTS

Inflation will decline after May: Şimşek

Cem Cetinguc3 May, 20243 May, 2024

Turkey’s annual inflation will begin to decline sharply “in line with our predictions” after it … Continue ReadingInflation will decline after May: Şimşek

Economy HIGHLIGHTS

CBRT: Current course poses an upside risk to the inflation outlook

Güldem Atabay3 May, 2024

In the summary of the 25 April 2024 Monetary Policy Committee (MPC) meeting, the Central … Continue ReadingCBRT: Current course poses an upside risk to the inflation outlook

Economy HIGHLIGHTS

Turkish inflation nears 70 percent and more to come in May

Güldem Atabay3 May, 20243 May, 2024

Inflation in Turkey has continued to rise for the sixth consecutive month. The growth of consumer … Continue ReadingTurkish inflation nears 70 percent and more to come in May

Economy HIGHLIGHTS

Turkey’s April PMI in the contraction territorry

Güldem Atabay2 May, 2024

According to ITO PMI, the slowdown in the economy became more evident after the local … Continue ReadingTurkey’s April PMI in the contraction territorry

Economy General HIGHLIGHTS

OECD growth and inflation forecasts for Turkey

Güldem Atabay2 May, 2024

The OECD revised its 2024 growth forecast for the Turkish economy upwards, while projecting average … Continue ReadingOECD growth and inflation forecasts for Turkey

Economy HIGHLIGHTS Politics

Turkey Halts All Trade With Israel Over War in Gaza

Güldem Atabay2 May, 2024

As of Thursday, Turkey has halted all commerce with Israel, according to two Turkish officials … Continue ReadingTurkey Halts All Trade With Israel Over War in Gaza

Economy General HIGHLIGHTS

Foreign tourist arrivals increases by 13.2 percent in Q1

Cem Cetinguc30 April, 2024

Foreign tourist arrivals increased by 13.2 percent in January-March to more than 7 million, while tourism revenues in the … Continue ReadingForeign tourist arrivals increases by 13.2 percent in Q1

Economy Emerging Markets HIGHLIGHTS HYPED

Türkiye secures foreign funds on better terms,: Minister Şimşek

Cem Cetinguc29 April, 2024

Thanks to increased confidence and predictability, Türkiye now obtains longer-term external financing from international markets at … Continue ReadingTürkiye secures foreign funds on better terms,: Minister Şimşek

Economy HIGHLIGHTS HYPED

Medium-term economic program is working: Minister Şimşek

Cem Cetinguc26 April, 2024

The medium-term economic program is working and yielding the desired results, Finance Minister Mehmet Şimşek has said, vowing to further … Continue ReadingMedium-term economic program is working: Minister Şimşek

Economy HIGHLIGHTS HYPED

CBRT holds policy rates steady

Cem Cetinguc25 April, 2024

As widely expected, Türkiye’s Central Bank has kept its policy rate — the one-week repo auction … Continue ReadingCBRT holds policy rates steady

Economy General HIGHLIGHTS

Foreign investors trust Türkiye: Minister Şimşek

Cem Cetinguc23 April, 2024

Foreign investors trust Türkiye and their worries about the economic program the government implements have disappeared, Finance Minister Mehmet Şimşek has said. … Continue ReadingForeign investors trust Türkiye: Minister Şimşek

Company & Industry Economy General HIGHLIGHTS Markets Politics

President Erdogan addresses Turkish Economy, Defense, and Gaza Support

Cem Cetinguc17 April, 202417 April, 2024

Following the conclusion of the local elections on March 31 and the Ramadan holiday, President … Continue ReadingPresident Erdogan addresses Turkish Economy, Defense, and Gaza Support

Economy General HIGHLIGHTS

Turkey’s Q1 Budget Deficit Surpasses $15.8 Billion

Cem Cetinguc17 April, 2024

Turkey’s central government budget posted a deficit of 209 billion Turkish liras ($6.5B) in March, … Continue ReadingTurkey’s Q1 Budget Deficit Surpasses $15.8 Billion

Economy HIGHLIGHTS

CBRT to decleare $25 bln Loss for 2023

Cem Cetinguc17 April, 202417 April, 2024

Türkiye’s central bank posted a 2023 loss of 818.2 billion lira ($25.25 billion), showed its … Continue ReadingCBRT to decleare $25 bln Loss for 2023

Economy HIGHLIGHTS

Most of the annual contraction in current account deficit completed, high reserve loss in February as expected

Güldem Atabay17 April, 2024

Turkey’s current account deficit was 3.27 billion dollars in February, below the expected deficit of … Continue ReadingMost of the annual contraction in current account deficit completed, high reserve loss in February as expected

Economy HIGHLIGHTS Markets

Turkish exports hit all-time high: Trade Ministry

Cem Cetinguc15 April, 202415 April, 2024

Türkiye’s share in global goods exports increased from 1.02 percent in 2022 to a record 1.08 percent … Continue ReadingTurkish exports hit all-time high: Trade Ministry

Economy General HIGHLIGHTS

Economy czar Simsek to initiate spending cuts

Atilla Yeşilada10 April, 2024

According to pro-government daily Türkiye Gazetesi, Minister of Treasury and Finance Mehmet Şimşek told AKP … Continue ReadingEconomy czar Simsek to initiate spending cuts